Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday. He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format. “The Chinese market …
Read More »Natural Gas Deficit may Force Europeans to Switch Back to Coal
Rising gas prices will force European countries to restrain their ambitions to phase out coal and fossil fuels, according to an expert on EU energy markets, Simonas Vileikis. “Underfilled storage facilities continue to push the price of gas higher. If the facilities are not refilled now, and the winter turns …
Read More »Nord Stream 2 in Limbo as Germany Prepares to Decide on Key License
Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline. “The Federal Network Agency of Germany announced today that Nord Stream 2 AG has submitted all …
Read More »Nord Stream 2 Lifts Chinese Shares, as Firms Set to Benefit from Major Pipeline
The completion of the Nord Stream 2, an undersea natural gas pipeline in the Baltic Sea that will greatly improve Russia’s capacity to transport gas to Germany, continued to drive up share prices of some Chinese energy companies on Tuesday, as some analysts said that companies investing in the Yamal …
Read More »ICOFC Prepared for Sustained Gas Supply during Winter
Managing director of Iranian Central Oil Fields Company (ICOFC) announced his company’s readiness for the sustained supply of gas during winter. Ramin Hatami announced the realization of plans and readiness for the sustained supply of gas for domestic and industrial consumers. “Due to the efforts of the company’s staff, especially …
Read More »Gazprom Completes Construction of €9.5bn Nord Stream 2 Gas Pipeline
Gazprom announced that it has fully completed the construction of the €9.5bn Nord Stream 2 gas pipeline, which is designed to transport Russian natural gas to the European Union through the Baltic Sea. Nord Stream 2, the pipeline holding company, will now carry out the necessary pre-commissioning activities with an …
Read More »Merkel in Warsaw Reaffirmed Support for Ukraine’s Role as Gas Transit Country
German Chancellor Angela Merkel tried to soothe fears over the Nord Stream 2 gas pipeline and reaffirmed support for Ukraine’s role as a gas transit country. In particular, this was discussed during a joint press conference between Merkel and Polish Prime Minister Mateusz Morawiecki, Reuters reports. “I made clear that …
Read More »Nord Stream 2 Construction Completed, but Ukraine Pledges to Continue Fight
Ukraine has said it will continue to fight against the Nord Stream 2 after Russia announced the gas pipeline was completed. The Kremlin said the pipeline, which runs from Russia to Germany, should be put into operation “as soon as possible”. The controversial project, which began in April 2018, has …
Read More »Russia Completes Controversial Nord Stream 2 Gas Pipeline to Germany
Nord Stream 2, the controversial gas pipeline from Russia to Germany, has been completed according to Gazprom, the Russian gas company that built the route. Alexey Miller, chairman of the management committee, announced completion at 8:45 a.m. Moscow time on Friday. The 1,200km pipeline follows much the same route as …
Read More »Gas Price in Europe Surpasses $660 per 1,000 Cubic Meters
Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached almost $662 per 1,000 cubic meters MOSCOW, September 8. /TASS/. The gas price in Europe surpassed the $660 per 1,000 cubic meters mark during Wednesday trading, according to data provided by London’s ICE. …
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